TransDigm Group Receives Average Rating of “Buy” from Analysts (NYSE:TDG)
TransDigm Group (NYSE:TDG) has received a consensus rating of “Buy” from the fifteen ratings firms that are currently covering the company, American Banking News reports. Three equities research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $193.00.
In other TransDigm Group news, Insider Michael D. Borowski sold 3,000 shares of the stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $173.46, for a total transaction of $520,380.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on TDG. Analysts at Zacks reiterated a “neutral” rating on shares of TransDigm Group in a research note on Friday. They now have a $183.00 price target on the stock. Separately, analysts at RBC Capital raised their price target on shares of TransDigm Group from $170.00 to $187.00 in a research note on Wednesday. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of TransDigm Group from $170.00 to $180.00 in a research note on Wednesday. They now have a “neutral” rating on the stock.
TransDigm Group (NYSE:TDG) opened at 173.46 on Tuesday. TransDigm Group has a 52 week low of $134.48 and a 52 week high of $198.29. The stock’s 50-day moving average is $169.5 and its 200-day moving average is $177.0. The company has a market cap of $9.180 billion and a price-to-earnings ratio of 163.40.
TransDigm Group (NYSE:TDG) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $2.02 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.98 by $0.04. The company had revenue of $610.60 million for the quarter, compared to the consensus estimate of $612.33 million. During the same quarter in the prior year, the company posted $1.89 earnings per share. The company’s quarterly revenue was up 25.0% on a year-over-year basis. On average, analysts predict that TransDigm Group will post $7.57 earnings per share for the current fiscal year.
TransDigm Group Incorporated (NYSE:TDG), is a global designer, producer and supplier of aircraft components for use on commercial and military aircraft in service.
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